Procter & Gamble (NYSE:PG) Stock Price Down 0.5% on Insider Selling

The Procter & Gamble Company (NYSE:PG - Get Free Report)'s stock price was down 0.5% during trading on Wednesday after an insider sold shares in the company. The company traded as low as $159.42 and last traded at $160.64. Approximately 1,437,864 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 6,895,417 shares. The stock had previously closed at $161.50.

Specifically, CEO Gary A. Coombe sold 22,000 shares of Procter & Gamble stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $161.32, for a total value of $3,549,040.00. Following the completion of the transaction, the chief executive officer now directly owns 36,845 shares in the company, valued at approximately $5,943,835.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Ma. Fatima Francisco sold 45,000 shares of Procter & Gamble stock in a transaction on Monday, January 29th. The shares were sold at an average price of $156.00, for a total transaction of $7,020,000.00. Following the completion of the sale, the chief executive officer now directly owns 973 shares of the company's stock, valued at approximately $151,788. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary A. Coombe sold 22,000 shares of the business's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $161.32, for a total transaction of $3,549,040.00. Following the completion of the sale, the chief executive officer now directly owns 36,845 shares of the company's stock, valued at $5,943,835.40. The disclosure for this sale can be found here. Insiders sold a total of 103,771 shares of company stock worth $16,292,467 in the last quarter. Insiders own 0.17% of the company's stock.

Analyst Ratings Changes

PG has been the topic of a number of analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Procter & Gamble from $169.00 to $162.00 and set an "overweight" rating on the stock in a research report on Thursday, January 18th. Raymond James upped their target price on shares of Procter & Gamble from $170.00 to $175.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 24th. Truist Financial upgraded shares of Procter & Gamble from a "hold" rating to a "buy" rating and increased their price objective for the company from $160.00 to $175.00 in a research report on Monday, March 11th. Wells Fargo & Company increased their price objective on shares of Procter & Gamble from $162.00 to $170.00 and gave the company an "overweight" rating in a research report on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Procter & Gamble from $172.00 to $171.00 and set a "buy" rating for the company in a report on Monday. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $168.88.

Procter & Gamble Price Performance

The company has a debt-to-equity ratio of 0.49, a current ratio of 0.69 and a quick ratio of 0.48. The stock's fifty day moving average is $159.32 and its 200-day moving average is $153.26. The stock has a market cap of $383.71 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 3.23 and a beta of 0.44.

Procter & Gamble (NYSE:PG - Get Free Report) last released its earnings results on Friday, April 19th. The company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.10. The company had revenue of $20.20 billion during the quarter, compared to the consensus estimate of $20.43 billion. Procter & Gamble had a return on equity of 33.91% and a net margin of 18.00%. Procter & Gamble's revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.37 EPS. As a group, equities analysts anticipate that The Procter & Gamble Company will post 6.54 EPS for the current year.

Procter & Gamble Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Friday, April 19th will be issued a dividend of $1.0065 per share. This represents a $4.03 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Thursday, April 18th. This is a positive change from Procter & Gamble's previous quarterly dividend of $0.94. Procter & Gamble's dividend payout ratio is currently 65.85%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PG. Advantage Trust Co acquired a new stake in shares of Procter & Gamble during the fourth quarter valued at $28,000. Naples Money Management LLC purchased a new position in Procter & Gamble during the fourth quarter worth about $29,000. Wyrmwood Management LLC purchased a new position in Procter & Gamble during the fourth quarter worth about $29,000. Transcendent Capital Group LLC purchased a new position in Procter & Gamble during the fourth quarter worth about $31,000. Finally, MeadowBrook Investment Advisors LLC purchased a new position in shares of Procter & Gamble in the 4th quarter worth about $33,000. Institutional investors and hedge funds own 65.77% of the company's stock.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.